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What is the price of a share of stock if the beta is 1.5, its next dividend is projected to be $3.00, and its growth

What is the price of a share of stock if the beta is 1.5, its next dividend is projected to be $3.00, and its growth rate is expected to be a constant 6%, assuming the market return is 13% and the risk-free rate is 5%?

The price of a share of stock is $_____. (Round to the nearest cent.)

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